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two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the senate. i'm going to guarantee you that the democrats in the senate are going to be split on this business of who's rich and what the right tax rates are going to be. >> i have to leave it there, chaps. nick, larry, thank you both much, indeed. >>> coming up next, kerry kennedy joins me about fame, politics and most important of all, taylor swift. like a lot of things, trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - t
two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the...
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more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had
more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get...
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Dec 10, 2012
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doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance raising the debt ceiling. he got elected president, not king. he is not king. he is president. martha: are you saying that republicans are willing to go to 39.6% back to that rate but the place where they will hold the line is on the debt ceiling issue. >> rates go up no matter what we do. there needs to be revenue component of any big deal. i think capping deductions is better than raising rates. there will come a day in february and march where we have to raise the debt ceiling by trillions of dollars. we're 16 trillion in debt. is it responsible to keep borrowing money and never address why you're in debt to begin with. long-term debt is baby
doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance raising the debt ceiling. he got elected president, not king. he is not king. he is president....
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Dec 12, 2012
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and boehner. boehner is having trouble finding help from his leadership as to what to do. the american people are suffering. sorry, claire mccaskill said. leader has to make a decision on whether to say the speakership. >> how about the president's fiscal cliff plan, the white house plan? is he planning on putting it up for adoption question mark -- adoption? >> i'm sorry? >> will be put up for a vote? the white house's plan? >> i have no idea what you are talking about. >> the debt limit and -- >> what else? >>1.6 trillion was the total. >> leader mcconnell offered to the floor at the senate -- will you be doing that? >> they have to be careful -- i have to be careful. >> [inaudible] >> our coverage of the fiscal negotiations will continue in a minute. over the past few months, you can buy fiscal cliff talks by going to c-span.org and clicking on the link. -- you can read more about the fiscal cliff talks by going to c-span.org and clicking on the link. we will year from representative john larson on the fiscal cliff negotiations. after that, we will hear from stephen ohl
and boehner. boehner is having trouble finding help from his leadership as to what to do. the american people are suffering. sorry, claire mccaskill said. leader has to make a decision on whether to say the speakership. >> how about the president's fiscal cliff plan, the white house plan? is he planning on putting it up for adoption question mark -- adoption? >> i'm sorry? >> will be put up for a vote? the white house's plan? >> i have no idea what you are talking about....
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thefumes that come off of john boehner are flammable. >> should have been john boehner. >> meredith is a friend of bill. dame zirin, the nation's magazine sports editor. meredith, we want to find out what's happening, if anything, on the hill. but first, this is the "full-court press"." >> dan with the big stories of the day. >> barbara walters leaked the first name of one of this year's most fascinating people. the show airs next week on abc. it is honey booboo. >> the tlc toddlers and tiaras beauty queen will be part of the special. no word who else will be on that list. >> how dare you reveal the names. this is the biggest suspense of the year. who will barbara walters name? i could care less. >> last year kim kardashian. all three sisters. that did not go over well they said they need more serious people on the list. now you have them, honey boo-boo. >> walters jumped a sharks in 1790. >> i would like to be employed, continue to be employed. i don't have luxury of my own radio show yet. >> plenty of lawmakers have done the flood stamp challenge. mayor cory booker tweeted a photogra
thefumes that come off of john boehner are flammable. >> should have been john boehner. >> meredith is a friend of bill. dame zirin, the nation's magazine sports editor. meredith, we want to find out what's happening, if anything, on the hill. but first, this is the "full-court press"." >> dan with the big stories of the day. >> barbara walters leaked the first name of one of this year's most fascinating people. the show airs next week on abc. it is honey...
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this was part of john boehner and plan. those tea party-backed conservatives say this is something that would help job growth. clearly what we're seeing here is republicans are not speaking with one voice. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves and treating the president's proposal like it's serious. >> we do agree that 8% of the american people are getting about 80% of this tax cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zoraida, as you saw there from the president earlier in that bloomberg interview, he is digging in, saying there can't be a deal unless upper income americans pay more. middle-class americans should get the bush era tax cut extension. is he not backing down from that at all. the president saying in that interview that he's not being stubborn. he's not being partisan but rather that it's, quote, a matter of math. >> we've been talking now for a while that a
this was part of john boehner and plan. those tea party-backed conservatives say this is something that would help job growth. clearly what we're seeing here is republicans are not speaking with one voice. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves and treating the president's proposal like it's serious. >> we do agree that 8% of the american people are getting about 80% of this tax cut shouldn't have their taxes...
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we have not seen that same support from republicans to speaker boehner. he has the rank and file behind him, but we have conservative voices both in the senate and house criticize the plan he put on the table. with that said, again, i guess my initial question is where do you see progress? you noted where the president stood the line and been loyal to the words he offered to the american public upon re-election, but as far as these negotiations are concerned, where is the progress? >> well, i think republican voices are being raised. even lindsey graham over in the senate and in the house, you're seeing the congressman speak out from ohio. though he's leaving, he sees a path forward to an agreement. i think we need 218 to pass a measure in the house, and i think we're on the road to do that. >> quickly, we have to talk about major changes to social security and medicare. you are against it. a new poll shows that 70% are opposed to medicaid spending cuts, 51% oppose raising medicare age. where are you you willing to compromise on entitlements when that par
we have not seen that same support from republicans to speaker boehner. he has the rank and file behind him, but we have conservative voices both in the senate and house criticize the plan he put on the table. with that said, again, i guess my initial question is where do you see progress? you noted where the president stood the line and been loyal to the words he offered to the american public upon re-election, but as far as these negotiations are concerned, where is the progress? >>...
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boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. and i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction -- are you going to be able to raise taxes, yes or no? >> oh -- taxes are going to go up one way or the other. >> they are? >> i think the key is to make sure that taxes go up on high-end individuals like you and me, barbara. we can afford it. >> you can see the rest of tha
boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off....
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to which boehner replied whatever times infinity. to which obama see you tonight on fbn. >> eric: hello. i'm eric bolling with kimberly guilfoyle, bob beckel, dana perino, greg gutfeld. it's 5:00 in new york city. this is "the five." ♪ ♪ >> eric: something interesting happened amid all the violence yesterday. america got a glimpse in to the soul of organized labor. >> hey! >> i wasn't talking to you. put your hands on me and see what happens. this is my message. leave us alone. we're done. >> but it wasn't always this way. the labor move in the america was once honorable group interested in carving out a slice of the american pie for the middle class. fast forward through decades of tough economic conditions. competition from china, india and brazil and 12 million americans willing to work for less slashed the union membership. organized later on the brink of collapse and the pressure is getting to them. what was a membership of hardworking men and women and big degenerated to band of anarchist thugs. peaceful protest given way t
to which boehner replied whatever times infinity. to which obama see you tonight on fbn. >> eric: hello. i'm eric bolling with kimberly guilfoyle, bob beckel, dana perino, greg gutfeld. it's 5:00 in new york city. this is "the five." ♪ ♪ >> eric: something interesting happened amid all the violence yesterday. america got a glimpse in to the soul of organized labor. >> hey! >> i wasn't talking to you. put your hands on me and see what happens. this is my...
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boehner wants more specifics of obama. who's going to show their hand first in this game of chicken? >> well, i certainly hope the president doesn't because he's got all the cards. he has aces up the sleeve so, you know, the bush tax cuts simply expire at the end of the year. i know there's a lot of worry and a lot of concern about what happens if we go over the fiscal cliff, curb, slope, whatever. maybe it's not optimal but it's way better than a bad deal and i think i can't see getting a serious deal done before the holidays. if you talk about all of the intricate things that wonks on both sides maybe could agree, i'm not sure i would agree to any of them, they're so complicated. senator durbin made this point. maybe you force changes on medicare or social security, i hope not but if you do, you can't do that in ten days or five business days or whatever it is. these things take a lot of time and so for the president to -- for democrats to agree to sort of kick the can, extend the tax cuts for another period of time is c
boehner wants more specifics of obama. who's going to show their hand first in this game of chicken? >> well, i certainly hope the president doesn't because he's got all the cards. he has aces up the sleeve so, you know, the bush tax cuts simply expire at the end of the year. i know there's a lot of worry and a lot of concern about what happens if we go over the fiscal cliff, curb, slope, whatever. maybe it's not optimal but it's way better than a bad deal and i think i can't see getting...
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that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morning? >> reporter: possibly, carol. one thing that has been interesting with regard to john boehner's leadership of the republican conference, which certainly is very conservative and he has had to balance that with negotia
that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to...
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boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefing at quarter past. the fed is expected to announce a new round of bond purchases as its latest program, operation twist, is set to expire at the end of the month. cnbc will begin at 12:00 p.m. eastern. >>> joining us is stewart richardson, partner at rpmg. the press conference -- we'll hear a fresh round of stimulus from the fed. how significant would that be? >> in my mind it's not that significant. i think as optics, people think this is another addition to the stimulus. the fact is that the fed for months and months and months when they go out to purchase longer term treasuries, they're trying to reduce the supply of those in the market and effectively swap sh
boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern followed by updated economic projections from fomc members at 2:00 p.m. and ben bernanke's press briefing at quarter past. the fed is expected to announce a new round of bond purchases as its latest program,...
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earlier this afternoon, a key word from speaker boehner. the recent silence from his office and the administration breaking down. listen to this. >> i'm hopeful we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together towards the best possible solution. that means cutting spending. now, the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. >> joining us right now, republican senator from georgia, johnny isakson, good to have you on the program. thanks for joining us. john boehner saying he wants to see spending cut proposals on the table. where specifically would you like to see those cuts come from. >> first of all, entitlements are $2 out of $3 we spend, $2.7 trillion a year. they need to be reformed. over time you can save a lot of money without taking away what people have paid for in terms of social security and medicare. we have to cut discretionary spending. i will tell you discret
earlier this afternoon, a key word from speaker boehner. the recent silence from his office and the administration breaking down. listen to this. >> i'm hopeful we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together towards the best possible solution. that means cutting spending. now, the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the...
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Dec 9, 2012
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more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to the principle compromise so we have a sustainable debt to g.d.p. ratio so our economy grows. that is what the compromise should the have to do and tax reform and entitlements and raising marginal tax rates. >> heather: do you think compromise is in progress in terms of the meeting today? >> any time the parties are talking face to face and not picking up the phone and having short conversations is a good thing. occasionally a deal gets done. we've been down this road before. boehner thought he had a deal with the president and president tho
more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to...
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Dec 7, 2012
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obama is jewels, boehner is pumpkin and the tea party is yolanda. they're locked in a tense standoff so potentially apock liptic they have guns pointed at each other while they appear very cool. the diner has come to a standstill, which representing the nation awaiting the outcome. like those diners robbed of their wallets and peace, the nation faces uncertainly times ahead. to help sort it out we have jared ber design and peter. let's talk about these two things. unemployment and the one on one game in washington right now. does one have anything to do with the other, jared? >> well, yes, they do, although i'm still trying to work out this movie metaphor, so give me a second. as the labor market improves and i agree with you that things were definitely better in november than we expected, given the lack of apparent damage from the storm at least according to the bureau, as things improve and the underlying economy continues to show more momentum, the job market too slowly in my view but it is improving. the costs, the opportunity costs to use an ec
obama is jewels, boehner is pumpkin and the tea party is yolanda. they're locked in a tense standoff so potentially apock liptic they have guns pointed at each other while they appear very cool. the diner has come to a standstill, which representing the nation awaiting the outcome. like those diners robbed of their wallets and peace, the nation faces uncertainly times ahead. to help sort it out we have jared ber design and peter. let's talk about these two things. unemployment and the one on...
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not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay ordinary, right? you agree to that. they don't have to raise the rates. >> did you readed article that harvard is the hedge fund that has the university on the side? >> i don't know. >> $27 billion hedge fund. >> you agree with me they ought to switch the rate with ordinary income. >> i'm not -- look, it's a tax increase but you can offset it by tax cuts elsewhere. you could do tax reform in such a way that long as it doesn't net money to the government. if the government sees additional cash they go, oh, and they dro
not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay...
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john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline right now and there's a lot of supply of oil, you still have to worry about the concerns about the middle east heating up. going into a weekend i'm amazed we're not getting more of a rally off of that. back to you melissa and adam. melissa: that's a great point. phil flynn, thanks so much. adam: we have breaking news right now and this is of verying ford. ford is recalling 19,000 of 2013 fusion sedans for another -- this is the second recall for this vehicle according to "the wall street journal" here's the issue. it has to do with a codin
john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline...
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we heard from house speaker john boehner. the overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say they're trying to work it out. smooth it over, ultimately. they know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. europe seeing improvement helping equities along as well. lori: not sure if you mentioned the fed. we were talking about it at the top. talking about their expectations of ben bernanke. nicole: would even throw out the idea of stimulus? that helped things along pushing us along throughout this entire last six months. lori: absolutely. thank you so much, nicole petallides on the floor of the new york stock exchange. protests turn violent in lansing, michigan, as union protesters ripped down a tent belonging to right-to-work supporters. becoming the 24th right-to-work states today allowing workers to get the right to join unions. jeff flock is in lansing michigan covering
we heard from house speaker john boehner. the overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say they're trying to work it out. smooth it over, ultimately. they know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. europe seeing improvement helping equities along as well. lori: not sure if you mentioned the fed. we were talking about it at the top....
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boehner would have merlot and the president would be chewing nicorette gum. and they had ice tea for the president. and boehner would have his cigarette. they put the cigarette away for the picture. they haven't closed the deal only the personal relations. that's a shame. somebody, instead of sponsoring your breakfast and all, you should sponsor a weekly dinner between obama and boehner and everyone would agree to pay for it and let them just talk and get to know each other and -- it's -- oh, john. that's right. what do you think? >> i think that's a great idea. would bank of america pay for it? [laughter] a special room. you mow, but i think personal relationships. when john was the f.b.i. spokesman, he was often not helpful, but you could always talk to him and get him on the phone. if you had a good story, he would confirm it by laughing. a deep laugh meant you were on the right track. no laughter meant no. >> now, it looks like the tide is very much going against republicans. do you agree with that? >> well, no. i think in the short political terms, yes.
boehner would have merlot and the president would be chewing nicorette gum. and they had ice tea for the president. and boehner would have his cigarette. they put the cigarette away for the picture. they haven't closed the deal only the personal relations. that's a shame. somebody, instead of sponsoring your breakfast and all, you should sponsor a weekly dinner between obama and boehner and everyone would agree to pay for it and let them just talk and get to know each other and -- it's -- oh,...
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speaker boehner says president obama wants tax increases but is resistant to spending cuts. the president is optimistic about a deal but acknowledges it's a work in progress. in public opinion, a poll from the pew research center 55% say the president is making a serious effort to reach a agreement. 32% of republican leaders. mike, we're hearing frustration from republicans but the breaking news, 5:00 p.m. east coast time these two getting together again. >> this is critical a 5:00 meeting at the white house between the president and speaker, the two key figures in trying to hammer out a deal. the republicans were trying to make the point spending is the nature of the government's problem, not tax revenue. they prepared a chart showing spending is expected to increase from now to 2041 while tax revenue is expected to hold consistent. so at one point today the speaker of the house sounded like he was kind of tired of answering hypothetical questions. >> ifs and and and butts are like candy and nuts. if that's the case, every day would be christmas. my goal is to get to an agr
speaker boehner says president obama wants tax increases but is resistant to spending cuts. the president is optimistic about a deal but acknowledges it's a work in progress. in public opinion, a poll from the pew research center 55% say the president is making a serious effort to reach a agreement. 32% of republican leaders. mike, we're hearing frustration from republicans but the breaking news, 5:00 p.m. east coast time these two getting together again. >> this is critical a 5:00...
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i don't know why john boehner is negotiating this in public. he had a private meeting with the president last week, they spoke by phone sunday night. today he gets out and says he's slow walk it, why is he doing it in public rather than dealing directly with the president and bad-mouthing the white house and saying the president is not really negotiating in good faith basically is what john boehner is saying. bill: maybe that is the case. >> why say that publicly when you're trying to come to a deal with somebody on the other side. bill: that's a fair point. what about that if true. >> let's look at president's record quickly. he's had four years of trillion dollar deficits. he hasn't even had a budget in place. >> not true. >> this president has not done anything to get our fiscal house in order. >> that is not true. that is just not true. >> it is true. >> he's offered to cut -- >> let's be clear by his cuts. his cuts are for five and ten years from now. we can't even make cuts that he said would happen in a year. on sequester he said it wasn
i don't know why john boehner is negotiating this in public. he had a private meeting with the president last week, they spoke by phone sunday night. today he gets out and says he's slow walk it, why is he doing it in public rather than dealing directly with the president and bad-mouthing the white house and saying the president is not really negotiating in good faith basically is what john boehner is saying. bill: maybe that is the case. >> why say that publicly when you're trying to...
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house speaker john boehner says the president is not even meeting republicans halfway. here he is. >> this plan does not fulfill his promise to bring a balanced approach to solving this problem. it is mainly tax hikes. and his plan does not begin to solve our debt crisis. it actually encreases spending. the president is calling for 1.4 trillion dollars worth of revenue. that can not pass the house or the senate. bill: south dakota senator john thune chairman of the republican senate conference. good morning to you. >> good morning, bill, where are we now? anywhere? >> that is the question of the day. what seems to me to be happening here is that the white house is not real serious about any kind of a plan that has spending reductions in it, particularly that address what really drives federal spending. that is entitlement programs. they seem less and less serious getting a plan that would avert the fiscal cliff. why i think you heard a number of them say publicly they're willing to go over the cliff to get higher taxes. but i think what is really interesting about your
house speaker john boehner says the president is not even meeting republicans halfway. here he is. >> this plan does not fulfill his promise to bring a balanced approach to solving this problem. it is mainly tax hikes. and his plan does not begin to solve our debt crisis. it actually encreases spending. the president is calling for 1.4 trillion dollars worth of revenue. that can not pass the house or the senate. bill: south dakota senator john thune chairman of the republican senate...
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Dec 6, 2012
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ed, we are hearing the president and house speaker john boehner actually talked by phone not too long ago. >> that's right, harris. we confirmed that there was a phone call between the two leaders this afternoon. no major progress but i'm told by one aide briefed on the call, this is more than they have done in a long time. so, maybe it's something they can build upon. but the bottom line is the president added somewhat of a new wrinkle today because he doesn't just want to deal with the spending and tax issues on the table and the so-called cliff, fiscal cliff, he also wants to deal with raising the debt ceiling which caused so much controversy a year and a half ago. take a listen to the president today. >> if congress in any way suggests they are going to tie negotiations to debt ceiling votes, and take us to the brink of default once again, as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> now, republics may not want to include the debt ceiling extension lifting that ceiling in these negotiati
ed, we are hearing the president and house speaker john boehner actually talked by phone not too long ago. >> that's right, harris. we confirmed that there was a phone call between the two leaders this afternoon. no major progress but i'm told by one aide briefed on the call, this is more than they have done in a long time. so, maybe it's something they can build upon. but the bottom line is the president added somewhat of a new wrinkle today because he doesn't just want to deal with the...
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this afternoon president obama's fiscal photo-op off the day takes him to the suburban home of a middle class families in virginia, one of the thousands who responded to the
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this...
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
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boehner coming up. let me tell you why. if you watched that -- and i know close to 1 billion people watched -- i couldn't help but think during the entire thing robin hood foundation, obviously if you know who robin hood foundation is, you know it's many of the major hedge funds, major players in the financial services. one of the greatest takeaways that i had walking out of that building, obviously the great entertainment was the following. when it was in the time of immediate need, it wasn't the government agencies. it wasn't fema. it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to na
boehner coming up. let me tell you why. if you watched that -- and i know close to 1 billion people watched -- i couldn't help but think during the entire thing robin hood foundation, obviously if you know who robin hood foundation is, you know it's many of the major hedge funds, major players in the financial services. one of the greatest takeaways that i had walking out of that building, obviously the great entertainment was the following. when it was in the time of immediate need, it wasn't...
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that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is q rea this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> is the u.s. consumer in trouble? the front page on this morning's "wall street journal" says yes. but are holiday sales and shipping proving otherwise? courtney reag
that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer...
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. >>> and house speaker john boehner discussed fiscal strategies with president barack obama in a phone call. this comes as another republican is ready to break ranges. he said he could support president barack obama's demand for an increase in tax rates as part of a comprehend sufficient plan -- comprehensive plan to cut the federal deficit. some are looking for ways to save faces a they give in. >>> and maintenance costs, used by state lawmakers, at least a douse member of the legislature had repairs on those vehicles and repairs were made before lawmakers used them for their personal use. in any case the costs were thousands of dollars. >> only state in the country finally ended this program and they saw some abuse and they saw voters did not like the program and that it was a perk they could give up. >> starting this year, lawmakers are not issued any cars anymore instead they are. >> paid a moulin rate -- mileage rate for using their own vehicles. >>> now here is a look at items where they recently confiscated them from the burglary ring. investigators have arrested two brothers an
. >>> and house speaker john boehner discussed fiscal strategies with president barack obama in a phone call. this comes as another republican is ready to break ranges. he said he could support president barack obama's demand for an increase in tax rates as part of a comprehend sufficient plan -- comprehensive plan to cut the federal deficit. some are looking for ways to save faces a they give in. >>> and maintenance costs, used by state lawmakers, at least a douse member of...
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Dec 7, 2012
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speaker boehner is about to speak. here he is. >> when it comes to the fiscal cliff that's threatening our economy and our jobs, the white house has wasted another week. you know, eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase in the debt limit like forever. four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen. washington's got a spending probl
speaker boehner is about to speak. here he is. >> when it comes to the fiscal cliff that's threatening our economy and our jobs, the white house has wasted another week. you know, eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase in the debt limit like forever. four days ago we offered a serious proposal based on testimony of...
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what the markets are up to us continuing down was us nothing on a six day gain now house speaker john boehner says that the white house is not serious about cutting spending offsetting better than expected jobs claims bookstores and that also meant that european stocks dropped as well as investors digested big fresh comments from us telling. worried about the lack of progress in budget negotiations. the fiscal cliff. common currency that is now creeping up with that she is pretty but it is against the u.s. dollar bills meanwhile the russian currency finished up with a. car is a common currency and the rest of the us in august and hear more. from the international markets all about the oil price is it going sounds of any help pump up investors. but as far as russians saw physical health inskeep the european resale market business interests have been spotting out two point four billion euros in the past year helping to keep the luxury stores afloat during these challenging times now the total russian expenditure is comparable to the domestic markets about trade gets losses for the spending has
what the markets are up to us continuing down was us nothing on a six day gain now house speaker john boehner says that the white house is not serious about cutting spending offsetting better than expected jobs claims bookstores and that also meant that european stocks dropped as well as investors digested big fresh comments from us telling. worried about the lack of progress in budget negotiations. the fiscal cliff. common currency that is now creeping up with that she is pretty but it is...
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Dec 5, 2012
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boehner -- certainly talk here that some republicans could revolt if speaker boehner caves to pressure from the white house to raise tax rates on the wealthiest 2% of americans. and while he's certainly had not agreed to that some are promising to block it. tea party favorite jim says giving into democrats to avoid the fiscal cliff is a temporary solution he's not willing to support. >> republicans should not be conceding the federal government needs more money. >> reporter: we will be hearing from democrats shortly. minority leader nancy pelosi is holding a news conference. we'll have that for you during our next update. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> a los angeles area fire house is under fire for letting an exdeny letting an exercise company shoot a racy video inside its station. the video by hoopnautic.com shows a scantily dressed woman dancing around. the station was also in trouble last year for allowing some fire trucks to be used in a porn movie. >> san francisco police are using a new tool to help solve crime. the public can help use
boehner -- certainly talk here that some republicans could revolt if speaker boehner caves to pressure from the white house to raise tax rates on the wealthiest 2% of americans. and while he's certainly had not agreed to that some are promising to block it. tea party favorite jim says giving into democrats to avoid the fiscal cliff is a temporary solution he's not willing to support. >> republicans should not be conceding the federal government needs more money. >> reporter: we will...
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Dec 9, 2012
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and but speaker boehner hasn't said that. and so we democrats realize that there has to be two sides of the bargain but we're not going back to 2011, putting revenues and cuts on the table and ended up with the cuts because the other side didn't accept the revenue. >> speaker boehner has yet to sit down with president obama or treasury secretary geithner. boehner said he would accept new revenue but the president insists there's no deal without higher tax rates on the wealthy. in his radio address yesterday he said he's willing to work with republicans to hammer out a plan he says would give both sides some of what they want. meantime, of course, the clock is ticking. >> it is, we're watching, steve. thank you very much. >>> much of the conversation in washington regarding the fiscal cliff is focused on tax rates or how the federal government can bring in more revenue from you. what about the other side of the equation? cutting back on spending and borrowing. steve moore joins us to talk about that and separate fact from fict
and but speaker boehner hasn't said that. and so we democrats realize that there has to be two sides of the bargain but we're not going back to 2011, putting revenues and cuts on the table and ended up with the cuts because the other side didn't accept the revenue. >> speaker boehner has yet to sit down with president obama or treasury secretary geithner. boehner said he would accept new revenue but the president insists there's no deal without higher tax rates on the wealthy. in his...
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stocks fell softer house speaker john boehner declared spending to be the issue preventing. spending cuts and tax highs from starting in the year which will cement european stocks dropped as well as his investors. did the press comments none of us had always been worried about the lack of progress in the budget negotiations to. the fiscal cliff is reaching a six week high the euro is now dropping as the general sentiment turns sour they've the russian cards you know finished up. against both of us a lot of the common currency domestic markets here moscow that took their cue from the international market some of that oil prices are also got exulted really helped pump up best mates and because of that. but as far as russian shop is a concerns they are helping to keep the european. business. happen splashing out two point four billion euros in the past year helping to keep luxury stores afloat during these challenging times total expenditure is comparable to haul of the domestic market for luxury goods russia's foreign spending has now supposed to pounds but twice up to china's
stocks fell softer house speaker john boehner declared spending to be the issue preventing. spending cuts and tax highs from starting in the year which will cement european stocks dropped as well as his investors. did the press comments none of us had always been worried about the lack of progress in the budget negotiations to. the fiscal cliff is reaching a six week high the euro is now dropping as the general sentiment turns sour they've the russian cards you know finished up. against both of...
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that's the question john boehner, the speaker of the house has. listen to him. >> this week we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue. frankly, it was the balanced approach that the president has been asking for. now we need a response from the white house. we can't sit here and negotiate with ourselves. and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. a plan that can pass both chambers of congress. if you look at the plans that the white house has talked about thus far, they couldn't pass either house of the congress. >> brian: hasn't because it's been presented before. here is one thing the president i think is banking on because he's playing his cards and it's a strategic approach. he's saying if i can divide boehner and the other house republicans, i could break this thing wide open and i could get what i need. and it turns out of all places, the "new york
that's the question john boehner, the speaker of the house has. listen to him. >> this week we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue. frankly, it was the balanced approach that the president has been asking for. now we need a response from the white house. we can't sit here and negotiate with ourselves. and if the president doesn't agree with our proposal and our outline, i think...
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the serious negotiations and that president -- the president has put forth an offer and speaker john boehner has put forth that offer. the fact that this is rejected is to be expected but it is testing ground. we have seen that between them have gone through this process. i believe we will get there. both sides so that we cannot win are refusing to compromise. we both have our right to be here and we have countered with some revenue in places. we want to see what the president will do in terms of cuts. where are concerned about the deficit. i believe we will get there. i really do. >> you are a perennial optimist. you make everything seem sunny. we are at a stalemate. republicans do not want to raise taxes and democrats to know what to -- do not want to cut spending. >> the president has the political upper hand. if nothing happens, the tax rates do expire as is and they go up and the sequestration of takes place. he can vote -- publicly blame that on republicans to. he would have the upper hand. policy-wise east as -- he has to combat and ask for an increase in the debt ceiling. he knows th
the serious negotiations and that president -- the president has put forth an offer and speaker john boehner has put forth that offer. the fact that this is rejected is to be expected but it is testing ground. we have seen that between them have gone through this process. i believe we will get there. both sides so that we cannot win are refusing to compromise. we both have our right to be here and we have countered with some revenue in places. we want to see what the president will do in terms...
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we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of the metals. >> they are. we're seeing a little bit of weakness in the gold futures price. gold etfs held up steadily over the last several weebs as well as record levels, in fact. in term of the flat pr
we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move...
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john boehner is really the only republican power in town. so a lot of people think that he's going to have to move toward the president. right now, he's showing absolutely no signs of that. but public opinion is definitely in the president's side. >> the president seems to be counting on here that if no deal is reached, the gop will get the blame from voters. is that the right calculation to make? >> absolutely. polls show that republicans would overwhelmingly be blamed if the united states goes over the proverbial fiscal cliff. and that's why president obama has an advantage, because he's willing -- he says, this is what he and his advisers say, he's willing to send the nation off of the fiscal cliff, letting all income tax rates to jump, spending cuts to take hold, investment income rates to jump. he's willing to do that. he thinks republicans would get the political blame. republicans, on the other hand, note that listen, the president's going to have to have another term where he's dealing with what's likely to be a deep recession as a r
john boehner is really the only republican power in town. so a lot of people think that he's going to have to move toward the president. right now, he's showing absolutely no signs of that. but public opinion is definitely in the president's side. >> the president seems to be counting on here that if no deal is reached, the gop will get the blame from voters. is that the right calculation to make? >> absolutely. polls show that republicans would overwhelmingly be blamed if the...
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i think we ought to have the president sitting down with john boehner, finding solutions that can, one, pass the house, and, two, be signed by the president, and i believe if you find that solution, it will pass the senate. >> senator john barrasso, thank you for your time. >> thank you. >> next on "andrea mitchell reports" -- as the house heads home, are democrats in congress being left out of the budget talks? >>> but first, fresh off his gangnam style premiere, alan simpson has a message for all of you kids out there. >> the young people aren't organized. the senior citizens are so well-organized they've got the aarp, committee for the preservation of the gray panthers, the silver head legislators, pink panthers. they are organized and they don't give a whip. this younger generation better learn to take part or get taken apart. wi srk cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put t
i think we ought to have the president sitting down with john boehner, finding solutions that can, one, pass the house, and, two, be signed by the president, and i believe if you find that solution, it will pass the senate. >> senator john barrasso, thank you for your time. >> thank you. >> next on "andrea mitchell reports" -- as the house heads home, are democrats in congress being left out of the budget talks? >>> but first, fresh off his gangnam style...
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Dec 12, 2012
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you have boehner come out, reid come out, cantor come out, and they're all somewhat measured, if not negative, on the result of the fiscal cliff. so the market's clearly building in a deal. if i were bernanke, here's what i'm thinking. i'm thinking, if i get the grand bargain, i don't have to do anything additional to what i'm doing now because the economy is going to explode fwr trom the pent-up corporate spending. if i wait, let them take care of it. that's unlikely, though. i think the fed is in a holding pattern and let the market bounce around without the upside gains. >> is that it, or are you just getting warmed up? >> let's go to murph. >> if you don't get anything from bernanke today, the market is going to sell off. if we see bernanke step away from the easing today, we're going to go a lot lower on the mark market. i don't think that's going to happen. i think you'll see him extend and see what happens with the fiscal cliff. >> what does the market want to hear from the fed today. jim is chief financial strategist for wells capital management. thanks for coming back. >> th
you have boehner come out, reid come out, cantor come out, and they're all somewhat measured, if not negative, on the result of the fiscal cliff. so the market's clearly building in a deal. if i were bernanke, here's what i'm thinking. i'm thinking, if i get the grand bargain, i don't have to do anything additional to what i'm doing now because the economy is going to explode fwr trom the pent-up corporate spending. if i wait, let them take care of it. that's unlikely, though. i think the fed...
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that's why most lawmakers are not boxing boehner in. would you go for that? >> i think we have to look at the whole package and as i've said, let's leave everything out here. >> reporter: now, boehner said publicly he is still optimistic about getting a deal done but privately in that meeting with house republicans today, several lawmakers came out and told us that the speaker told them not to make any plans for christmas. wolf? >> does that mean all 435 members of the house, 100 senators are going to be told to stay here during that christmas week leading up to new year's? >> reporter: it is entirely possible. what leaders have done in the past, even as recently as last week, is sent home rank and file members while the leaders stayed and negotiated. but as we get closer to the holidays, it's entirely possible, even maybe probable that they will keep everybody here in case they actually do get a bill and they will be able to pass it fast. we know that when things move, they actually move very quickly and en there's a will to get out of here, particularly as
that's why most lawmakers are not boxing boehner in. would you go for that? >> i think we have to look at the whole package and as i've said, let's leave everything out here. >> reporter: now, boehner said publicly he is still optimistic about getting a deal done but privately in that meeting with house republicans today, several lawmakers came out and told us that the speaker told them not to make any plans for christmas. wolf? >> does that mean all 435 members of the house,...
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. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the spending right now is a percentage of gdp is 24%. it's projected to go substantially higher. do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, what it added the our entitlement is 12 trillion. just that we did in the last two years. or whenever it was. >> but in terms of where we are now in this negotiation, i believe that both sides in the final ana
. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the...
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for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal negotiations. sessions are not scheduled. no back channel discussions taking place that anybody knows about at this time and as we wait for the white house briefing to begin, let's bring in wolf blitzer on this topic. there are a couple of polls that are very telling about how americans feel about congress and the president are behaving when it comes to the fiscal cliff. let me read some of these numbers for you. should obama compromise to get things done. 72% say yes. 22% say no. should the gop compromise to get things done. and take a look. 72% say yes. my question for you, wolf, i'm not sure you'll have the answer but perhaps you'll have guidance. for those democrats who say the president has a mandate because voters voted him into office while he campaign
for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal negotiations. sessions are not scheduled. no back channel discussions taking place that anybody knows about at this time and as we wait for the white house briefing to begin, let's bring in...